Overnight and 12-month US dollar Libor settings have now permanently ceased. What does the future hold for corporate treasurers after this landmark transition?
Vice president of treasury, Nishith Agarwal, tells CorporateTreasurer about leading the firm’s digital treasury transformation, and how corporates can mitigate emerging cybersecurity risks.
Although sections of the market seek an extension to the date for phasing out Libor, treasury officials, bankers and lawyers say they are working under the assumption there won’t be any delays.
Mitigating systemic risks when LIBOR expires is all about fallback clauses and the International Swaps and Derivatives Association is taking further steps to firm up the post-IBOR world.